Answer: $1,000,000
Explanation:
We are informed from the question that in the current year, the Finn Foundation, a nongovernmental not‐for‐profit organization, received a $1,000,000 permanent endowment from Chris.
We are further told that the endowment reported income of $80,000 in the current year, and it was spent on recreational activities for the elderly.
The amount of contribution revenue with donor restriction that Finn should report at the end of the current year should be the $1,000,000 gotten from Chris.
Answer:
These data suggest that Ms. Thomson should buy less of B and more of A.
Explanation: When comparing the marginal utility of two products, it is advised that a consumer should buy more of the product that give them the highest marginal utility per unit money spent on such a product.
What this basically means is this, for a consumer to maximize their utility, they should spend more on products that yield the highest marginal utility per unit money.
Therefore in the scenario given above, we will calculate to see which product yields the highest marginal utility.
For product A, the marginal utility per dollar is 16/2 = 8.
For product B, the marginal utility per dollar is 24/4 = 6.
We can now see that Product A has this higher marginal utility per dollar, and therefore, more of this product should be consumed and less of Product B should be consumed.
Answer:
before tax corportate bond equivalent: 11.15%
Explanation:
The municipal bond are tax-free making them more attractive than normal corporate bonds.
thus, the municipal bond rate should be compare with the after tax rate of a corporate bond:
before tax rate ( 1 - tax rate) = after tax rate
<u>For this case:</u>
the after tax rate is 7.25%
and the tax bracket is 35%
before taxes ( 1 - 0.35) = 0.0725
0.0725/.65 = 0,1115384 = <em>11.15%</em>
Economy of US can be considered as a highly market economy.
Explanation:
The spectrum between the command-mixed- market economies depend on the level of government intervention of the market and how much the produce of the economy depends on the market practices or the artificial rules of the government put in place.
In US the market is dictated by the market rule only and the government has very little to do apart from the terms of the sanctions it lays on them.
So, the economy tends towards the market and not to the command.
A wage is paid periodically upon finished work or upon a finished number of work hours. A salary is paid usually monthly regardless of how much you worked, it's like a fixed income. A commission is a type of work where you get all the money at once, once you're done with the work. This is how artists earn from paintings or composing songs or things like that.
